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LV to move away from being a Friendly
tonplus
Posts: 3 Newbie
Have just received a letter from LV telling me that following a vote with a turnout of 8.5% they would be moving ahead with the change from a friendly society. In my view this is the first step in selling part or all of the business. This worries me as all of my pensions are with LV or Liverpool and Victoria as it was known back in the day.
How can it be with such a low turn out? How many of these voters were board members?
I have asked for comment from LV but unfortunately the staff member I spoke to wasn't even aware a special meeting had taken place!
Will look for assurances moving forward, but I feel my pension that I started paying into when I was 18 is about to be ripped away from me if they sell the pension business.
How can it be with such a low turn out? How many of these voters were board members?
I have asked for comment from LV but unfortunately the staff member I spoke to wasn't even aware a special meeting had taken place!
Will look for assurances moving forward, but I feel my pension that I started paying into when I was 18 is about to be ripped away from me if they sell the pension business.
0
Comments
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Yep, when it goes private the new investors will take all the pension money and live the high life with it.0
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Ex forum ambassador
Long term forum member0 -
No change to its mutual status
https://www.insidermedia.com/insider/southwest/lv-to-become-company-limited-by-guaranteeEx forum ambassador
Long term forum member0
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